Latest finance news
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THG sales dip as devalued yen hits nutrition business
THG has reported a dip in sales for the first quarter as its nutrition business proved to be a drag on surging beauty sales.
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JD Sports strikes £899m deal for US sportswear brand Hibbett
JD Sports has entered into a binding agreement to acquire US sportswear brand Hibbett for £899m.
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Primark profits soar as retailer targets further UK click-and-collect rollout
Primark profits have leaped and sales increased as the fashion brand targets rolling out click and collect across more stores across the UK.
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The Body Shop’s downfall triggered by owner’s failure to refinance loan
The Body Shop’s collapse was triggered by owner Aurelius failing to refinance loan, which resulted in an unplanned funding gap upwards of £100m.
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Asda sales and profits increase as it continues focus on growth
Asda has reported increased sales and underlying profits as the supermarket continues its strategy to focus on growth.
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Ocado shareholders push for switch to New York stock market
Ocado is under pressure from its shareholders to consider leaving the London stock market for New York, according to The Sunday Telegraph.
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Asda co-owner Zuber Issa close to selling £500m stake
Asda co-owner and billionaire Zuber Issa is reportedly edging closer to securing a deal to sell his £500m stake in the grocer to private equity firm TDR Capital.
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L’Oréal sales surge as mass-market beauty outgrows luxury
Global cosmetics giant L’Oréal has kicked off the first quarter with high-single-digit growth in sales as it “continued outperformance in a global beauty market that remained dynamic”.
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Shein revives interest in Topshop
Shein is understood to have rekindled its interest in Asos-owned Topshop alongside ABG, The Times reports.
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Dunelm guidance unchanged despite sales growth
Dunelm has posted a surge in sales driven by volume and growth across both in-store and digital channels in the third quarter, ending March this year.
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Trouva acquired for third time in two years
Trouva has been bought by Fy!, the third time the brand has changed hands in two years.
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LVMH revenue slips in ‘uncertain’ global market
Luxury retail group LVMH has posted a slight decline in overall reported revenue growth as it continues to trade in an “uncertain” geopolitical and economic environment.
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Adidas increases profit guidance as sales exceed expectations
Global sportswear giant Adidas has increased its full-year profit guidance after its performance exceeded expectations in the first quarter of 2024.
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Shein executive distances retailer from ‘labour practices’ concerns
A senior Shein director has maintained that technological prowess rather than supply chain working conditions have driven the pureplay fashion giant’s success.
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Inflation rate reaches lowest level in over two years
The rate of inflation has fallen to its lowest level in two-and-a-half years, according to the latest figures by the Office for National Statistics.
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Asos sales continue to fall as it appoints new CFO
Asos has reported another slump in sales but says it will meet profit guidance for this year as it introduces a new chief financial officer.
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Getir weighing asset sales as part of restructuring talks
Getir, one of the world’s largest rapid-delivery grocery platforms, is weighing a string of asset sales as part of a restructuring of the business after its valuation plummeted.
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Superdry to quit stock market as part of survival plan
Superdry is poised to de-list from the London Stock Exchange as part of a restructuring plans that it says are critical to its long-term survival as a brand.
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Charles Tyrwhitt sales jump as brand pivots to casual work attire
Suits and shirts specialist Charles Tyrwhitt expects its business to grow by 20% over the next year as customer demands for casual work attire booms.
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Getir eyes restructuring as market value plummets
Getir, one of the world’s largest rapid-delivery grocery platforms, is in talks over a restructuring of the business after its valuation plummeted.